Nigerian Stocks Rally For Third Straight Day

Nigerian stocks continued its three day positive streak as the All Share Index (ASI) rose by 2.19% today to close at 24,664.89. Banking stocks were the top traded as a total of five banks(Wema Bank, Guaranty, Zenith, FCMB, and FBNH) made the list of the most traded stocks. ASI: 24,664.89 DEALS: 3,380 Other News Stanbic […]

Nigerian stocks continued its three day positive streak as the All Share Index (ASI) rose by 2.19% today to close at 24,664.89.

Banking stocks were the top traded as a total of five banks(Wema Bank, Guaranty, Zenith, FCMB, and FBNH) made the list of the most traded stocks.

ASI: 24,664.89

DEALS: 3,380

VOLUME: 414,346,062

VALUE: 3,291,432,255

CAP: 8,482,715,649,533.92

Forte Oil ended as the highest gainer with an 8.67% increase in its share price to close at N326, while Dangote Cement followed with a 6.63% rise in its share price to close at N145.
Ikeja Hotel, UBA, Unity bank and Afripud, Access bank, Zenith, Transcorp, and FBNH also appreciated in value.

On the losing side, Glaxosmithkline depreciated by 5% to close at N20.91, while Mansard Insurance dipped by 4.87% to close at N2.15. Portpaint also dipped by 4.77% to close at N3.59. May and Baker, Conoil, Honeywell flour, Wema Bank all depreciated in value.